LA MN105 Simple Pro-Tenant Minnesota Lease For Office, Industrial, Or Retail Commercial Property
This form is for a single tenant Minnesota lease where the tenant has superior leverage. It gives the tenant the right to use the premises for "any legal use," and has very abbreviated remedies for the landlord in the event of a tenant default. It is also pro-tenant in character because of the clauses it does not contain which customarily appear in pro-landlord forms relating to remedies and a variety of other pro-landlord provisions.
Number of Single Spaced Pages: 17
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LA MN101 Multi-Tenant Minnesota Lease For Industrial, Warehouse And/Or Office Use
This form is for a Minnesota industrial lease suitable for industrial, warehouse, and office uses in a multitenant building. Despite the comprehensive definition of operating expenses under the lease, no fewer than 23 pro-tenant exclusions to operating costs are also contained in the lease, making for a balanced approach to the tenant's operating expense obligations. Several exhibits are included (see details below) including one for fair market value renewal options and one for expansion rights for additional space in the building.
Number of Single Spaced Pages: 52
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Minnesota Commercial Real Estate Leasing
Minnesota's leading industries are commerce, finance, rail and trucking services, health care, agriculture and industry. Smaller components are in publishing, milling, food processing, graphic arts, insurance, and high technology. Industry produces metal and automotive products, chemical and agricultural products, electronics, computers, precision medical instruments and devices, plastics, and machinery
The majority of commercial real estate leases in Minnesota relate to office buildings, shopping centers, industrial properties, and other commercial real estate located in major cities in Minnesota, which include:
- Minneapolis, and
- St. Paul